We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Fully expected this to be blue today... shows what i know! ;-x
Excellent time to add.
GLE
Excellent news. Thanks for sharing.
Activity about to pick up now with Open borders.
There are a number of pointers to suggest news over the coming week. Not least references from the December RNS re timing . There are numerous items to be confirmed, they may come collectively or individually example rig contract signed. Border opening only firms up my view of imminent news. I was trying to add to my holding on Friday afternoon but no joy. Hopefully this morning will be easier to buy outside of NT. good luck to all and have a good week .
That’s good news… more good news is Oil hit a 7 year high of over $96 earlier this morning…come on Mike let’s get Heron online.
Announced today :
Mongolia fully opens its borders to international travel. In other words, aside from the advisory being issued for wearing face masks, practicing social distancing, hand sanitizing, and being actively involved in COVID-19 vaccinations, all prior restrictions imposed in connection with the pandemic situation are being lifted
my only take on delay of any announcement so far is possibly JV on Velociraptor project. However, we are now Mid Feb, less then 3 months away from drilling (and producing our ALREADY DISCOVERED Heron Oil)
I have managed to find a few K under the sofa so if it dips a bit more this week i will be eagerly adding to my significant holding here
Locky
Mike Buck mentioned that in his interview when he was asked back in Aug 2021 soon after Exploitation licence was granted.
Fast forward to Dec 2021 RNS....where they said in advanced discussions with Rig and service providers.
It could very well be DATON Petroleum and Oilfield services OR it could be DQE who drilled Heron-1.
We should find out pretty soon who gets the contract.
We are definitely due an update… if we were in advanced negotiations back in Dec surely they are almost concluded now… news this week on rig is my guess
Locky
I believe that the AGM is for the year ended December 2020 not 2021 and they may have been under a deadline to hold the AGM. I therefore doubt that the AGM has any bearing on the timing of much needed news flow, particularly securing a rig contract
AGM two weeks on Thursday, do we think we will have any crumbs to keep the SP stable beforehand or will it be radio silence? Biggest risk to this, (from Mike himself) is the ability to attain rig and crew, would be nice to know if they have achieved this fundamental milestone for production this year. Going to be a long couple of weeks waiting for the AGM but keeping everything crossed for good news.
Hertstrader
Great analysis. I personally think overhang is gone. Been building my own large position here like youself and many others here while we are still sub 5p before the big move up.
Same pattern in place when we broke above 4p after 2 attempts and then rolled back a bit and then stormed over 4p to 4.35 on third go quite comfortably. Similarly we already hit 5p twice now, have rolled back a bit with a stronger third attempt to come taking it to around 5.40 as early as next week imo. The channel from 4p to 6.3p is in play.
However if rig confirmation or JV news drops in early next week, then this could do a 100% move to 9p.
2022 is a truly transformational year in MATD history with Heron and Gazelle Oil discoveries with strong Oil demand forecasts of $125/bbl.
Quite right Hertstrader, this is not ADV. MATD have the oil.
And as you say, this is an uptrend, the only question is where is the new (higher) low before we put in a new (higher) high….
Always good to see a little consolidation before the next movement :)
my take on the late prints:
the 1.7 and 1.8 sells are placing stock sells worked throughout the day, the 502k trade at 4.7 was a buy (as at the time buys were 4.67) the 511k trade was a sell and the 500k trade near thursday close was a buy, So for now we have to be patient as some placing holders sell at a good profit (and who can blame them with the uncertain world we live in) and there are some big buyers who have bought recently all the way up to 5.1p (on no news)
The sellers can only sell once, I think we are now close to 80% of the 3.5p placing being flipped. Volumes have in general been around 10 million of late, and we are a day/week closer to the significant newsflow that will transform Petro Matad into a commercial producer of oil which currently sits at $91.25 (WTI))
I am very confident on the medium term prospects here, holding over a million in stock. I guess i could have sold a batch at 5p and look to buy back cheaper at todays bargain prices, but I am not a great day trader in general, and also I don't believe in subtle deramping on these forums to entice people to sell to be able to buy in lower. The SP has clearly been in an uptrend since mid december, company is fully funded, and should be able to pay for velociraptor either itself or JV, and finally start to extract the oil WE DO HAVE at Heron. This is not some apraisal drill with a spurious CoS, We have the oil, Its not a share like ADV, so if your comfortable with the fundamentals as I am, and have some patience, then looking at the market cap it is clear to see this is significantly undervalued. AGM is a few weeks away, although there is no guarantee of news then, It does seem likely/feasable we will hear a company update beforehand.
GLA, and fingers crossed to a company making year in Mongolia
Don’t post much any more.
It’s no longer a daily price chase or watch or whatever.
It’s all about knowing what is about to happen. A lot of us have been here when we were trying to find the oil that would transform the company.
But now we know…..you know?
Looking good for us on Monday then
Not sold have an average of 3.92 . And what exactly are you reporting me for Iamrich . For having a different outlook to you ??? Really
Neither ramping nor deramping . Just not getting carried away like some on this board .
Told you guys report him and ignore him, his sold now he wants in cheaper so the negatives until he gets back in again
Yes fully invested but not convinced the RNs is imminent . And certainly not this side of AGM . The constant daily repetitive posts of a certain few on this board are becoming a bore . No news so no need for the constant drivel that is getting spouted out on an hourly basis. Talk about the hard sell. Remember the saying if things seem too good to be true they probably are. Only invest what you can afford to lose. Some of the price predictions being floated around are frankly pie in the sky . And before you say it I don't intend to sell but have e invested what I can afford to lose. New investors tread carefully this share should come with a public health warning
Wouldn't waste time with horsers this guy Ramps then deramp as he trade shares, seen him in action in other places dirty player be carfull ignore him, he will indirectly deramping the board is strong with well researched people if not he will go on the nasty lies
£40k a big chunk pal, no reason for the drop. I think your safe ????
Horsers: Thx for your positive vibes regarding PM.
Not sure whether you'd rather like to see PM's SP go down the drain or actually make the grade as the fundamentals clearly say.
This is not about being right or wrong; this is about being successful with your investment - you are invested right?
So what does the current situation of PM have to do with MB's track record (which is actually pretty good)?
Go home a give it a thought before you come back to this BB. There's plenty of other crap circulating here.
It had had a bit of a run up over the past few weeks, so some consolidation is to be expected. If it's any consolation I bought £40K's worth three days ago, and have seen a 10% drop since - which I'm perfectly happy with because they'll go back up once the company starts drilling.
Agreed I can see this rumbling on on same manner as last year and the exploitation debacle. Hope I'm proved wrong but likely not given MB track record